A Special Assumption Warranty Deed in Beaumont, Texas refers to a specific type of legal document that is commonly used in real estate transactions. It provides a guarantee to the buyer that the seller holds clear and marketable title to the property, while also warranting that there are no undisclosed liens or encumbrances on the property, except those specifically listed in the deed. In a Special Assumption Warranty Deed, the seller assumes responsibility for any defects in the title that may have arisen prior to their ownership of the property. This type of deed also includes a provision wherein the seller promises to defend the buyer against any claims made by third parties who may assert an interest in the property. There are different variations of the Special Assumption Warranty Deed that may be used in Beaumont, Texas, including: 1. General Special Assumption Warranty Deed: This is the most commonly used type of deed in real estate transactions. It guarantees the buyer that the seller has clear title to the property and assumes responsibility for any defects in the title. 2. Limited Special Assumption Warranty Deed: In this type of deed, the seller provides a warranty against defects in the title only during the time they have owned the property. It does not cover any defects that may have existed prior to their ownership. 3. Granter's Special Assumption Warranty Deed: This variant of the Special Assumption Warranty Deed is used when the seller is the original owner of the property and grants a warranty against defects in the title. Overall, a Beaumont Texas Special Assumption Warranty Deed is a legal document that protects the buyer by guaranteeing clear title and defending against potential title claims, providing an added layer of security in real estate transactions. It is crucial for both buyers and sellers to carefully review and understand the terms of the deed before proceeding with a property transfer.
Beaumont Texas Special Assumption Warranty Deed
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